Why a Legacy gift?

Including Shawnigan Lake School in your long-term financial or estate planning is an important decision. It’s one that encompasses more than financial goals and tax benefits. It’s about harnessing your passion to make a lasting impact on the people and places important to you.

Legacy gifts are as unique as the people whose passion and creativity inspire them to give. Whether you want to endow a scholarship for future students or give a boost to a particular program, legacy gifts provide meaningful support to Shawnigan while helping you achieve your own personal goals.

You may be surprised how big an impact you can make. Shawnigan offers a range of imaginative giving strategies that allow you to unleash your “inner philanthropist” while at the same time maximizing tax advantages and financial flexibility.

Legacy giving to Shawnigan can be tailored to your own unique financial circumstances. Your advisor, lawyer or tax planner can help you find the way that works best for you and your family.

Legacy gifts are as unique as the people whose passion and creativity inspire them to give.

Types of Legacy Gifts

List of 5 items.

  • Bequests

    Naming Shawnigan as a beneficiary of your Will can, when properly planned, reduce the rate at which your estate is taxed. You may make a charitable bequest of a specific dollar amount, a percentage of your estate or the remainder of your estate after planning to care for your family and friends.
  • Gifts of Life Insurance

    A gift of life insurance can make a significant future impact on the School at a very modest cost to you today. There are several ways you can use life insurance as a vehicle for contributing to Shawnigan.

    You may give the death benefit of a life insurance policy simply by naming the Shawnigan Lake School Foundation as the beneficiary.

    If you make Shawnigan Lake School Foundation the owner and beneficiary of a new or existing policy, you will be entitled to a donation receipt for the cash value of the policy (if any) and for each premium paid. At your death, the proceeds received by the Foundation will far exceed the total value of your premiums paid.

    In each instance, your estate will receive a donationn receipt for the full value of the policy proceeds paid to the Shawnigan Lake School Foundation at your death.
  • Charitable Gift Annuities

    Charitable gift annuities enable you to make an immediate gift to Shawnigan and receive guaranteed income for life.
  • Charitable Remainder Trusts and Gifts of Residual Interest

    You and other beneficiaries can receive income for life or for a set number of years. Donors will receive an immediate charitable income tax deduction, immediate income and relief from tax on capital gain. When the trust expires, the assets remaining in trust go to support the mission of Shawnigan Lake School.
  • Gifts of Shares

    If you own publicly traded securities (ie. stocks, bonds, mutual fund units or shares) that have appreciated in value, it may be advantageous to donate them directly to Shawnigan, rather than cashing them and making a donation. Why? If you donate the securities directly to Shawnigan, you don’t pay capital gains on the appreciated value of the shares, and you receive a charitable tax receipt for the value of the shares.

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  • Photo of Hilary Abbott

    Hilary Abbott 

    Advancement Associate
    250-743-6236
    Bio
Shawnigan Lake School is an independent boarding school for Grades 8-12 on Canada's West Coast. Our modern, diverse and innovative programming helps shape the next generation of global leaders.